... I think that the name "stablecoin" is misleading. In fact, these coins should ... be called ... "EquivalentCoins" because it much better reflects their character. Among the examples of coins secured with precious metals, ores, "real" securities, shares and fiat currency, the last is the closest to the name "stable", despite the vulnerability to inflation, deflation or exchange rate fluctuations... Unfortunately, the name "stable" sounds definitely better in terms of marketing and gives a "sense of security" besides, it has already adopted in the crypto world.
I think you nailed it here.
I am sure that the name"Stablecoin" was carefully chosen by professionals for the first pegged cryptocurrency (Tether) and past perfect for their marketing needs.
Of course, the name "stable" gives the "sense of security" and I am sure, that it was their main goal, which was achieved without any doubts.
There was a need for such an alternative on the crypto market to be able to secure ourselves from volatility but nobody thought that so much money will be printed from the thin for so long.
I just can't understand how Tether was able to do this when SEC and other watchdog institutions are actively scanning the market?
So many projects have already court cases ongoing just after ICO and Tether team was able to print billions of $$$ before somebody even asked for any audits.
@wwzsocki as usually great thread - you managed to encourage a lot of people to discuss.
Thanks for your kind words.
I am always happy when there is a quality discussion and that is why I was missing valuable comments during your last detox
from the forum.